CSEC Principles of Business · January 2010 · Paper 2 · Question 1(b)(iii)
Compare the private sector with the public sector in terms of source of capital.
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Practise this questionOther parts of this question
- 1(a)(i)Define the term 'barter'.[2 marks]
- 1(a)(ii)State TWO problems associated with barter.[4 marks]
- 1(a)(iii)Explain TWO ways in which the use of money can overcome the problems associated with barter.[4 marks]
- 1(b)(i)Compare the private sector with the public sector in terms of ownership and control.[2 marks]
- 1(b)(ii)Compare the private sector with the public sector in terms of objective or motive.[2 marks]
- 1(c)Outline TWO ways in which a free market economy differs from a planned or command economy.[4 marks]
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